Route Mobile Limited has announced significant developments in its employee stock option plans, including the allotment of new equity shares and cancellation of existing stock options. The Nomination and Remuneration Committee approved these matters through a circular resolution on December 18, 2025, at 08:24 P.M. IST, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESOP Share Allotment Details

The company allotted 5,500 equity shares with a face value of ₹10.00 each to the Route Mobile Employee Welfare Trust under the RML ESOP 2017 plan. These shares will be allocated or transferred to eligible employees upon exercise of their options.

Impact on Share Capital

Following the ESOP allotment, the company's capital structure has been updated with the following changes:

The distinctive numbers for the newly issued shares range from 63858604 to 63864103, with ISIN number INE450U01017 for demat issuance.

Stock Options Cancellation

Simultaneously, Route Mobile cancelled 3,000 stock options that were previously granted under the Route Mobile ESOP Plan 2021. This cancellation was necessitated due to the cessation of employment of an eligible employee who held these options.

Regulatory Compliance and Listing Approvals

The company maintains comprehensive regulatory compliance with consolidated in-principle listing approvals from both exchanges. BSE provided approval on October 29, 2020, for 24,84,000 equity shares, while NSE granted similar approval on October 16, 2020.

The allotted shares are identical in all respects to existing shares and will rank pari passu with the company's current equity shares. The company has filed the necessary disclosures with both BSE Limited and National Stock Exchange of India Limited, ensuring full regulatory compliance under SEBI regulations.

Route Mobile has filed a regulatory disclosure with BSE and NSE regarding the departure of board member Mark James Reid from Proximus Group. The disclosure, submitted under Regulation 30 of SEBI Listing Regulations, confirms Reid's planned exit by the end of January 2026 to pursue career opportunities in the UK.

Official Regulatory Filing

The company's disclosure to stock exchanges provides comprehensive details about the leadership transition:

Reid's Professional Background

Mark Reid joined Proximus in May 2021, bringing extensive international experience from senior financial roles across multiple industries. His career spans positions at British Airways, Travelport, Yahoo, and Liberty Global group, with work experience in Switzerland, UK, and the US.

Strategic Contributions at Proximus

Reid played a crucial role in executing Proximus's Inspire 2022 strategy, successfully bringing domestic operations back to topline and EBITDA growth. Under the Bold 2025 strategy, he delivered consistent financial performance despite increasing market competition and significant investment requirements for Belgium's gigabit network infrastructure.

Leadership Acknowledgment

Stijn Bijnens, CEO of Proximus Group, acknowledged Reid's major contribution to the company's financial growth and health during a period of unprecedented CAPEX investment in fiber network infrastructure. The leadership praised his courage and determination in implementing the domestic divestment program and his interim CEO role at Proximus Global.

Board Continuity

Route Mobile confirmed that Reid will continue serving on the company's board until his departure from Proximus Group, ensuring governance continuity during the transition period. The company has committed to providing further updates in accordance with listing regulation provisions.